Karman Holdings Inc. (NYSE:KRMN) Stock Has Consensus Price Target of $88.09 According to Analysts

Shares of Karman Holdings Inc. (NYSE:KRMN) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $87.33.

KRMN has been the subject of a number of recent analyst reports. Needham & Company LLC dropped their price objective on Karman from $125.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 7th. Citigroup increased their target price on Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada decreased their target price on Karman from $85.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, September 28th. Finally, Barclays assumed coverage on shares of Karman in a research note on Friday, October 9th. They set an “overweight” rating and a $79.00 target price for the company.

Karman Stock Down 5.4%

Shares of NYSE KRMN opened at $30.17 on Wednesday. Karman has a 1 year low of $29.86 and a 1 year high of $118.38. The firm has a 50-day simple moving average of $42.76 and a two-hundred day simple moving average of $54.77. The company has a market cap of $4.00 billion, a P/E ratio of 69.30 and a beta of 0.64. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40.

Karman (NYSE:KRMN) last released its earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Karman had a return on equity of 15.54% and a net margin of 6.31%. The firm had revenue of $182.06 million for the quarter. During the same period in the prior year, the company posted $0.10 EPS. The company’s quarterly revenue was up 58.2% compared to the same quarter last year. Research analysts anticipate that Karman will post 0.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David Stinnett acquired 27,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average price of $37.32 per share, for a total transaction of $1,007,640.00. Following the acquisition, the director directly owned 3,530,395 shares of the company’s stock, valued at $131,754,341.40. This represents a 0.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Karman

A number of hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its stake in shares of Karman by 3.3% during the first quarter. First Trust Advisors LP now owns 2,891,687 shares of the company’s stock valued at $231,480,000 after acquiring an additional 93,565 shares in the last quarter. Van ECK Associates Corp grew its stake in Karman by 125.3% in the fourth quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company’s stock worth $209,806,000 after purchasing an additional 1,594,518 shares in the last quarter. Falcon Wealth Planning bought a new position in Karman in the first quarter worth approximately $205,684,000. Amundi grew its stake in Karman by 44.6% in the first quarter. Amundi now owns 512,231 shares of the company’s stock worth $41,004,000 after purchasing an additional 158,068 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Karman by 123.8% during the 1st quarter. Bank of America Corp DE now owns 459,531 shares of the company’s stock worth $36,785,000 after purchasing an additional 254,161 shares during the period.

Karman Company Profile

Karman (NYSE: KRMN), through its subsidiaries, provides engineered components and manufacturing services for the aerospace and defense industries. The company focuses on mission-critical products used in space launch vehicles, missile systems, hypersonic platforms and other high-performance aerospace applications.

Its capabilities include the design and production of composite and metallic structures, precision-machined components, complex assemblies, thermal protection products and other specialized hardware.